In a remarkable display of economic dynamism, Saudi Arabia’s real estate financing has surged to new heights, recording a staggering SR883.3 billion (approximately $235.54 billion) by the end of 2024. This unprecedented growth, driven by both retail and corporate demand, underscores the transformative changes sweeping through the Kingdom’s financial and urban landscapes. As the nation […]
LoftyInc Capital Management has marked another milestone in its journey to catalyze Africa’s tech revolution. The firm has secured a $43 million first close for its LoftyInc Alpha Fund, a new seed-stage fund designed to fuel the continent’s high-growth tech startups. This ambitious move is poised to empower a new generation of Afropreneurs—entrepreneurs whose innovative, […]
In a move that underscores its commitment to serving a diverse customer base, I&M Bank has significantly expanded its branch network by opening nine new branches, bringing its total to 61 branches across 21 counties. This strategic expansion, announced on March 4, 2025, by Business Now, targets Micro, Small and Medium Enterprises (MSMEs) as well […]
The Public Investment Fund (PIF) of Saudi Arabia and Goldman Sachs Asset Management have signed a non-binding memorandum of understanding (MoU) to collaborate on the development of innovative private credit and public equity investment strategies. This partnership is set to play a pivotal role in transforming Saudi Arabia into a global investment hub, aligning with […]
In a move set to transform the environmental and economic landscape of West Africa, the ECOWAS Bank for Investment and Development (EBID) and the European Investment Bank (EIB) have launched a financial partnership valued at approximately €150 million, with a core credit line of €100 million—roughly equivalent to a $105 million investment at current exchange […]
In a decisive move aimed at safeguarding market integrity and investor protection, the Capital Markets Authority (CMA) has suspended the money manager license of Trade Sense Limited for 90 days. Effective from March 3, 2025, this suspension follows a series of regulatory breaches that include lapses in governance, financial management, anti-money laundering (AML), and operational […]
In a bold move to intertwine finance with nature conservation, Goldman Sachs Asset Management (GSAM) has unveiled its latest fixed-income product: the Goldman Sachs Biodiversity Bond Fund. This innovative fund is designed to offer fixed-income investors a pathway to support global biodiversity efforts while adhering to rigorous environmental, social, and governance (ESG) criteria. The launch […]
Nigeria’s bond market is currently basking in a surge of investor interest following a sharp decline in inflation—a fall from 34.8 percent in December 2024 to 24.5 percent year-on-year. This dramatic reduction, partly attributed to the recent rebasing of the Consumer Price Index (CPI), has paved the way for a robust secondary and primary market […]
Standard Investment Bank (SIB) Kenya is set to redefine its regional presence and broaden its service offerings with the opening of its latest branch in Mombasa County. This expansion, which comes on the heels of a recent regulatory approval by the Retirement Benefits Authority (RBA) to manage pension funds, marks a significant milestone in SIB […]
Chinese smartphone maker Honor announced on Sunday at Mobile World Congress in Barcelona a staggering $10 billion commitment toward artificial intelligence over the next five years. The investment is not just about enhancing its existing smartphone lineup; it is a comprehensive plan to transform Honor from a traditional mobile device manufacturer into an “AI device […]
Kenyan exporters of agricultural produce are set to benefit from a significant trade breakthrough as the country finalizes a bilateral...
The first half of 2025 has delivered a stark wake-up call to the global insurance industry. According to preliminary estimates...
For international investors, Zambia’s debt restructuring journey has been a closely watched case study. As the first African nation to...
In a significant stride toward a sustainable and robust energy future, the Kenyan government has officially greenlit the development of...
